The ZAR Exchange Rate Thread

[Piepalook]

Rand-Dollar

1$= R7.86

that's todays price last time i checked.

Trading at R 8.01 @ 21 h 50

 

[Robin Hood]

Don't you want to add the pound to that list as well?

Done!

 

[hj2k_x]

Done!

Kewl

 

[adamr]

why the drop??? ...

 

[Piepalook]

why the drop??? ...

Investors are dropping the dollar like a hot potato.
Too risky.
No trust in the dollar.
The US is officially in recession.

 

[Robin Hood]

check my post #3...

 

[ettubrute]

Investors are dropping the dollar like a hot potato.
Too risky.
No trust in the dollar.
The US is officially in recession.

But the rand is weakening against the dollar too???? R8.06/$ at 22:20!

 

[Piepalook]

But the rand is weakening against the dollar too???? R8.06/$ at 22:20!

OMG! NO!

 

[hj2k_x]

But the rand is weakening against the dollar too???? R8.06/$ at 22:20!

Yip. All round not good news.

 

[Piepalook]

Yip. All round not good news.

R8.07

A disaster!

 

[Piepalook]

R8.07

A disaster!

R 8.076

Freefalling!

 

[Piepalook]

R 8.076

Freefalling!

R 8.072

 

[hj2k_x]

R 8.072

Where you getting this?

 

[ettubrute]

http://www.xe.com

 

[Piepalook]

Where you getting this?

http://www.xe.com/

 

[Piepalook]

http://www.xe.com/

R 8.049

 

[hj2k_x]

http://www.xe.com/

Cool. Thanks.

 

[hj2k_x]

1.00 GBP = 16.1500 ZAR

How can it still be falling when both British and SA markets are closed? Does currency trading take place 24/7?

 

[ettubrute]

Does currency trading take place 24/7?

Jip! When one timezone stops, the next carries on...

 

[Piepalook]

1.00 GBP = 16.1500 ZAR

How can it still be falling when both British and SA markets are closed? Does currency trading take place 24/7?

Yes. American markets are open.
Asian markets opening in 2 hours time.
Australian markets opens 3 hours later than Asian.

There is going to be a bloodbath when the asian markets opens.

The Asians are probably breaking the stockmarket doors down by now.
They are going to dump dollars bigtime.